That $100 you didn't invest in because they said so

Profit Date
$360
+260%

Bitcoin not built to last, despite recent surge

To me, its fool’s gold. There are no financial statements, no balance sheets, no revenues or assets. There’s not even a physical product!
4.4 years ago - New York Post
$864
+764%

Don’t buy bitcoin, warns wealth manager: We’re likely ‘going to see cryptocurrencies collapse’

In 2017, CNBC’s Jim Cramer said that bitcoin is a pure gamble and “kind of like Monopoly money. Obviously, there’s people who use it. If you ever say anything bad about it, there’s like this bitcoin mafia that comes after you. But it is an oddity that has nothing to do with us” as investors.
4.7 years ago - CNBC
$264
+164%

The Guardian view on cryptocurrencies: a greater fool’s gold

Nonetheless the bubble must one day pop and the fool’s gold vanish, leaving only fools.
5.9 years ago - The Guardian
$10,441
+10,341%

Performing an Autopsy on the Bitcoin

The best analogy here is that the situation is somewhat akin to having a global economy based on a “bitcoin standard,” similar to a “gold standard,” except that the vast majority of the bitcoins are owned by just a few individuals.
7.8 years ago - TheStreet
$13,326
+13,226%

Former bitcoin companies are erasing their embarrassing ‘bit’s

So spare a thought for the companies scrabbling to jump off the bitcoin ship before it sinks.
8 years ago - The Guardian
$10,097
+9,997%

The Dream of Buying a Coffee With Bitcoin Is Dying, If It’s Not Already Dead

This could have severe implications for average people hopping on the bitcoin bandwagon.
7.8 years ago - Vice
$395
+295%

5 Reasons Bitcoin Won’t Survive

At around $11,500, the price of one Bitcoin is more than 40% below its record high of around $20,000 touched in mid-December, wiping approximately $140 billion off its market cap.
5.9 years ago - Investing
$244
+144%

Real life Wolf of Wall Street Jordan Belfort slams Bitcoin as a ‘huge, gigantic scam’ and warns wannabe investors not to waste their money

“I think it’s a huge danger right now that people are looking at this as the next great thing, it’s a bubble for sure.”
6 years ago - The Sun
$1,217
+1,117%

Bitcoin WARNING: BTC will be ‘WORTHLESS and have ZERO VALUE’ in 2019

BITCOIN is finished, according to one of the industry’s most influential figures.
5 years ago - Express
$382
+282%

Economist Jim Rickards on gold versus bitcoin — intrinsic value is meaningless for both but the bitcoin prices aren’t real

It’s on it’s way to zero — somewhere between zero and 200. It’s a utility token for criminals, terrorists, money launderers, tax evaders — they’ll always find some use for it.
6 years ago - Business Insider
$6,747
+6,647%

Is Bitcoin Doomed?

“It will be doomed,” Tomlinson says. “Any disruption needs the consensus of the bitcoin community and that can’t even be realized when it comes to the transaction limit problem.
7.2 years ago - Newsweek
$9,686
+9,586%

Bitcoin May Not Survive, But The Technology Behind It Will Live On

The reasons for Bitcoin’s troubles are many, including poor governance, a lack of technological infrastructure and infighting within its community.
7.6 years ago - Forbes
$445
+345%

Bitcoin is the greatest scam in history

“Bitcoin is a scam. In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen … Cryptocurrency is best-suited for one use: Criminal activity. Because transactions can be anonymous — law enforcement cannot easily trace who buys and sells — its use is dominated by illegal endeavors.”
5.6 years ago - Recode
$6,274
+6,174%

Bitcoin’s at It Again

It’s still a good reason not to use Bitcoin as a hedge against the expected market sell-off an electoral victory by Donald Trump would entail. There are other reasons, too. For one, Bitcoin is quickly becoming a thing of the past.
7.1 years ago - Bloomberg
$5,952
+5,852%

Bitcoin Is Evil

“Bitcoin is evil … So far almost all of the Bitcoin discussion has been positive economics — can this actually work? And I have to say that I’m still deeply unconvinced.”
9.9 years ago - NY Times
$6,463
+6,363%

Why Ethereum Succeeded Where Bitcoin Failed

“I’m betting that true decentralized cryptocurrencies will eventually become a sideshow in a corporate blockchain circus,” Biggs said.
7.4 years ago - Vice
$130
+30%

Extent Of Bitcoin Bubble Fears Revealed After Huge $200 Billion Bitcoin Price Downturn

“When asked specifically about the 12 month fate of bitcoin and Tesla—a stock emblematic of a potential tech bubble—a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers,” Deutsche Bank analysts wrote.
2.9 years ago - Forbes
$89
-11%

Bitcoin Price Latest: Sheila Bair Says Don’t Buy at ‘Nosebleed’ Levels

Sheila Bair, who was a key banking regulator in the heat of the 2008 financial crisis, says investors should avoid buying Bitcoin.
2.8 years ago - Bloomberg
$368
+268%

Bitcoin: French economist predicts day of reckoning

“It’s a way to purchase illicit goods, it’s a way to launder illicit income, it’s a way to develop and pay for cybercrimes and it’s a pure empty commodity,”
6 years ago - The Irish Times
$1,254
+1,154%

Is Bitcoin Going To Zero?

It won’t go quietly, but the recent precipitous drop may be the beginning of its inevitable and inexorable death spiral. Or there could be a dead cat bounce. Either way, I see bitcoin as a dead man walking.
5 years ago - Forbes
$244
+144%

Bitcoin buyers should be prepared to lose all their money, top UK regulator warns

He also said buying bitcoin was akin to gambling because it had the same level of risk.
6 years ago - CNBC
$311
+211%

The Bitcoin Hoax

Thanks to its ingenious, tamper-proof “blockchain” cryptotechnology (don’t ask), Bitcoin is absolutely safe. If you believe that, I have a Russian bridge for you to buy.
6 years ago - HuffPost
$425
+325%

Statement of François Villeroy de Galhau – Bitcoin

“Bitcoin is in no way a currency, or even a cryptocurrency. It is a speculative asset. Its value and extreme volatility have no economic basis, and they are nobody’s responsibility. The Banque of France reminds those investing in Bitcoin that they do so entirely at their own risk.”
6.9 years ago - Banque de France
$5,609
+5,509%

Why This Well-Funded Startup Just Gave Up on Bitcoin

The move is not entirely surprising as the hype around bitcoin subsided long ago, and the digital currency remains a niche product for speculators or for clandestine online transactions.
7 years ago - Fortune
$9,887
+9,787%

‘Bitcoin is dead,’ says prominent fintech exec

If you ask Taavet Hinrikus, CEO of international-payments app TransferWise, “Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.”
7.6 years ago - Yahoo News
$283
+183%

Investor who called last two major market crashes says bitcoin is a bubble

“Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble.”
5.9 years ago - CNBC
$1,125
+1,025%

Should investors own any bitcoin in their portfolio?

Berkshire Hathaway Vice Chairman Charlie Munger went a step further, saying at last year’s meeting that bitcoin is “just dementia.” “It’s like somebody else is trading turds and you decide you can’t be left out,” Munger added.
4.8 years ago - CNN
$501
+401%

The Bitcoin Scam

Bitcoin is a right-wing nightmare which facilitates tax evasion, money laundering and environmental degradation.
4.5 years ago - Tribune
$1,259
+1,159%

Good News: Bitcoin Is Becoming Worthless

Bitcoin is a colossal waste of energy that will soon be no more. Good riddance.
5 years ago - Treehugger
$2,145,550
+2,145,450%

Bitcoin value crashes below cost of production as broader use stutters

What we want from a monetary system isn’t to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich. And that’s not at all what is happening in Bitcoin.
12.1 years ago - The Guardian
$309
+209%

Bitcoin’s Demise Moves Closer

hile the Dutch Tulip mania almost four centuries ago has long been considered one of the largest bubbles of all time, Bitcoin and cryptocurrency mania has eclipsed it.
5.9 years ago - The Motley Fool Canada
$618
+518%

Bitcoin and other cryptocurrencies are useless

The price of Bitcoin, the best-known, rose from about $900 in December 2016 to $19,000 a year later. Recently, fear has been in charge. Bitcoin’s price has fallen back to around $7,000; the prices of other cryptocurrencies, which followed it on the way up, have collapsed, too.
5.3 years ago - Economist
$518
+418%

Sell all crypto and abandon all blockchain

Blockchain doesn’t even solve most problems of trust. The integrity of data on a public blockchain can be trusted not to change, but that says nothing about whether the data is right in the first place.
5.6 years ago - Financial Times
$34,606
+34,506%

Fool’s Gold

Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.
10.7 years ago - Slate
$5,830
+5,730%

Bitcoin was supposed to change the world. What happened?

“The real-world uses of Bitcoin are largely things the government doesn’t want you to do,” Popper told me. “It has proved to be successful and effective for drugs and for black markets.”
7 years ago - Vox
$1,053
+953%

Bitcoin’s terrible 2018 doesn’t bode well for the future of crypto

Bitcoin was never more than a vehicle for tax evaders and grifters to burn carbon in the hope of scoring a hot new Lambo. It represents all of our worst excesses, and it does so at a huge cost both to the people and our planet.
5 years ago - Engadget
$112
+12%

Behind the bitcoin bubble

No one with an interest to store value would want to hold bitcoin for any period of time as a result.
2.8 years ago - University of Melbourne
$417
+317%

Get ready to ‘stomach complete losses’ in cryptocurrencies

“We don’t see them becoming part of mainstream investment portfolios soon,” he adds.
5.8 years ago - CNBC
$361
+261%

‘Dr Doom’ economist Nouriel Roubini in Bitcoin battle

During the debate, Prof Roubini, a long-standing critic of Bitcoin, argued it was destined to end up in the “museum of failed coins” with all the other digital currencies.
4.4 years ago - BBC
$539
+439%

Bitcoin will soon be worth zero

Bitcoin will soon be worth zero. But until then criminals will still be able to use it and other digital currency to move money around the world without being caught.
4.6 years ago - New York Post
$648
+548%

Jordan Belfort on bitcoin: ‘Get out if you don’t want to lose all of your money

There’s no fundamental value with Bitcoin, . Get out if you don’t want to lose all of your money because … there’s a very good chance it’s going to crack.
5.4 years ago - CNBC
$525
+425%

Wall Street Analyst: Cryptocurrencies Are Nothing More Than the Tokens You Win by Playing Candy Crush

Cryptocurrencies are “just Candy Crush” … There are now more than 1,300, “and it seems reasonable to assume all 1,300 are not of equal quality … the return-on-investment could be considerably lower than investors currently expect”
5.6 years ago - Bloomberg
$133
+33%

Bitcoin May Never Go Above $ 40,000 Again, JP Morgan Alerts

According to new estimates, weak demand and the possibility of investors withdrawing their profits , prevents BTC from returning to the values of two weeks ago.
2.9 years ago - Entrepeneur
$275
+175%

Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff

“But people who are buying it at these prices or higher prices are going to lose practically everything,”
6 years ago - RT
$1,084
+984%

Opinion: Bitcoin is close to becoming worthless

The answer is, a swift and painful drop to zero.
5 years ago - MarketWatch
$518
+418%

Why Bitcoin is bullshit, explained by an expert

Very few people have followed it like I have for five years and still find it ridiculous, but that’s because I’m an academic and I have the space to do it and I find parts of it, especially the criminality, interesting.
5.6 years ago - Vox
$467
+367%

Warren Buffett says bitcoin is ‘rat poison’

What Buffett was saying about bitcoin was that you can buy it, but it will never produce anything of value.
5.6 years ago - CNN
$251
+151%

Why bitcoin is fool’s gold

Sooner or later, something will happen to trigger a major sell-off, and then all the bitcoin investors will realize they built their fortunes on sand.
6 years ago - The Week
$121
+21%

Bitcoin is ‘fool’s gold and anybody buying it is ultimately a fool’: Peter Schiff

“People who are buying it are going to wake up one day and they’re just going to be a bagholder,” he concluded.
2.9 years ago - Fox Business
$1,677
+1,577%

This Billionaire Just Called Bitcoin a ‘Pyramid Scheme’

If you’re thinking about investing in Bitcoin, Howard Marks thinks you should think twice. “They are “not real!!!!! Nobody has been able to make sense to me of these currencies.”
6.4 years ago - Fortune
$267
+167%

A new gold? Bitcoin is more like the beanie baby bubble

“Bitcoin is more like a limited edition toy than an investment,” says Zac Bissonette, the author of The Great Beanie Baby Bubble: Mass Delusion and the Dark Side of Cute. “It has no value except for the sheer hope that it will one day become valuable”
6 years ago - The Telegraph
$531
+431%

Is Bitcoin Heading To Zero?

Despite the much advertised decentralization of cryptocurrencies, these historical central banking issues of institution quality and governance quality seems to matter a lot. And for Bitcoin this seems like bad news.
5.8 years ago - Forbes
$1,195
+1,095%

JPMorgan Just Killed the Bitcoin Dream

But that dream is now effectively dead, and blockchain is now fully into its boring phase. The latest and most telling evidence of this arrived this morning, when JPMorgan (JPM) said it had developed and tested a prototype of a digital coin.
4.8 years ago - Barron's
$1,125
+1,025%

Bitcoin Maximalists’ Impossible Dream

Currently, Bitcoin maximalists can’t even persuade other Bitcoiners to support their coin. The idea that they could persuade all the people of the world to throw away their tribal currencies and adopt their version of Bitcoin is laughable.
4.9 years ago - Forbes
$130
+30%

Bitcoin, Based on Faith, Has ‘Nil’ Value, Grantham Says

Here, he dismisses the cryptocurrency as an article of faith, a poor excuse, in his view, for a reliable investment because it produces no income.
2.9 years ago - Bloomberg
$251
+151%

Bitcoin is the most perfect bubble possible

These things usually end poorly, and bitcoin probably won’t be any different.
6 years ago - The Washington Post
$130
+30%

Behind the Bitcoin Bubble

Manipulative actors have been known to take advantage of the madness of crowds.
2.8 years ago - The Wall Street Journal
$378
+278%

Sorry, Bitcoin Fans. Digital Currency Is Still a Dream.

Bitcoin breaks my heart. Not because I missed the great run-up (though I did) and not because I fear that the Bitcoin bubble will end badly (it will, but that’s not my problem).
5.9 years ago - Bloomberg
$244
+144%

Seth Klarman calls bitcoin a ‘trading sardine,’ others say ‘speculative mania’ — They are right

“It’s not an effective storehold of wealth because it has volatility to it, unlike gold.”
6 years ago - CNBC
$557
+457%

Bitcoin savaged by BIS as ‘a bubble, Ponzi scheme and an environmental disaster’

In a lecture given in Frankfurt, Germany, Carstens said there were cracks appearing in the “house of bitcoin” as too many copycat currencies had forked off the technology
5.8 years ago - CNBC
$523
+423%

Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says

The cryptocurrency is worthless, even if blockchain technology could bring significant benefits to investors, said the investment arm of Europe’s biggest insurer.
5.7 years ago - Bloomberg
$883
+783%

Bitcoin Surges 15% Overnight Because Nobody Learned Their Lesson After the Last Crash

To be clear, Bitcoin is absolutely worthless by any real measure. It’s fake money that’s about as practical to use in the real world as Monopoly bills.
4.7 years ago - Gizmodo
$256
+156%

Bitcoin is a Ponzi scheme, and it will collapse like one

Meanwhile bitcoin and the like will quickly fade into financial history, just as tulipmania did, serving solely to remind future generations of the folly of gambling on illusions of value.
6 years ago - The Hill
$11,322
+11,222%

R.I.P., Bitcoin. It’s time to move on.

Let’s also bear in mind what it is that makes some venture capitalists Bitcoin zealots: pure greed. That is the reason clearest to me for Bitcoin’s failure.
7.9 years ago - The Washington Post
$312
+212%

Greenspan compares bitcoin to Colonial America currency that eventually became worthless

“Humans buy all sorts of things that aren’t worth anything,” Greenspan said. “People gamble in casinos when the odds are against them. It has never stopped anybody.”
6 years ago - CNBC
$1,062
+962%

‘I come to bury Bitcoin, not to praise it’: UBS

“The main problem with these things, the absolute fundamental flaw, is that they’re never going to be a store of value,” he said.
5 years ago - CNBC
$1,595
+1,495%

JPMorgan CEO Jamie Dimon says bitcoin is a ‘fraud’ that will eventually blow up

“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,” “It’s just not a real thing, eventually it will be closed,” Dimon said.
6.2 years ago - CNBC
$925
+825%

Jamie Dimon and Warren Buffett Have the Last Laugh on Bitcoin

This is a long-term unraveling of all of the lies, exaggeration and populist fantasies that drove last year’s market mania.
5 years ago - Bloomberg
$371
+271%

The end of bitcoin

The bitcoin boom may be over. And the death of the cryptocurrency craze may well come at the hands of government regulators.
5.9 years ago - The Week
$378
+278%

Bitcoin is a ‘pyramid scheme,’ warns former Wells Fargo CEO Dick Kovacevich

Kovacevich says he believes bitcoin is a scam. “It makes no sense. I’m just surprised it isn’t even lower.”
5.9 years ago - CNBC
$10,492
+10,392%

The Crisis in Bitcoin and the Rise of Blockchain

Remember the hype over bitcoin? The crypto-currency that so tantalized techies and excited investors is today in a sorry state: Its core supporters are at war with each other and ordinary consumers still don’t care about this supposedly revolutionary form of money.
7.8 years ago - Fortune
$3,897
+3,797%

Is Bitcoin a potential weapon of mass economic destruction?

Why are we giving Bitcoin house room? Surely it is akin to a counterfeiting scam promoted by people who like the idea of their computer making them rich without lifting much more than a finger?
10 years ago - The Guardian
$404
+304%

The END of Bitcoin as we know it.

Main credible reason presented for the rise – Pump and dump schemes verified and predicted by the influx of Tethers to market manipulators.
4.4 years ago - Irish Tech News
$9,665
+9,565%

The Doomsday Cult of Bitcoin

And today, you can see something similar going on with another group of failing zealots. I’m talking about the cult of Bitcoin.
9.8 years ago - New York Magazine
$633
+533%

The Bitcoin Fad Is Over

Bitcoin’s price is $8,700 (as of 03/22/18). As bullish sentiment continues to fade away, the price declines.
5.7 years ago - Seeking Alpha
$383
+283%

Bitcoin Isn’t the Future of Money

Bitcoin is a liability of nobody. This is its fatal flaw as a currency. There’s nothing to stop its value from falling to zero.
5.9 years ago - Bloomberg
$6,726
+6,626%

Bitcoin Is Still Doomed

Congress got to hear a lot of nice things about Bitcoin from regulators this week. If you think that’s good news for Bitcoin, you’re missing the point.
10.1 years ago - Bloomberg
$536
+436%

There’s a ‘decent probability’ bitcoin goes to zero

Unlike stocks and bonds, currencies generate no cash flows such as interest payments or dividends that can explain their prices,”
5.5 years ago - MarketWatch
$1,170
+1,070%

Bitcoin: The Decline Is Fundamental, Unsolvable, And The End Of BTC

What we are seeing right now is the end for BTC. The huge speculation bubble was overblown and people saw that and rightly sold off. Good for them.
5 years ago - Seeking Alpha
$252,418
+252,318%

So, That’s the End of Bitcoin Then

Bitcoins aren’t secure, as both the recent theft and this password problem show. They’re not liquid, nor a store of value, as the price collapse shows and if they’re none of those things then they’ll not be a great medium of exchange either as who would want to accept them?
12.5 years ago - Forbes
$780
+680%

Bitcoin’s rollercoaster ride finally comes off the tracks

If I waste £150 on employing labourers to find and exhume the buried remains of my childhood pet tortoise from my parents’ garden, those costs don’t make the skeleton worth £150 to an investor.
5.1 years ago - Independent
$462
+362%

Munger Calls Bitcoin a ‘Noxious Poison’ Government Should Tackle

“I never considered for one second having anything to do with it. I detested it the moment it was raised,” Munger said at the annual meeting for Daily Journal Corp. in Los Angeles. “It’s just disgusting. Bitcoin is noxious poison.”
5.8 years ago - Bloomberg
$551
+451%

Stark warning for crypto fans – ‘it’ll all be worth zero’

“One moment you will be looking at US$8,000 per coin, the next, global trading will be suspended. The true market of BTC is zero. When it’s stopped, it will just end.
4.5 years ago - Express
$925
+825%

Cryptocurrencies are about to become worthless – and this is what will happen when they crash

Anyone who holds them will scramble for the exit, raising whatever cash they can. And there is at least an even chance that this is what is happening now.
5 years ago - The Independent
$1,203
+1,103%

The Bitcoin Con May Soon Be Over

Putting aside the fact that the Bitcoin crash is teaching idiots a lesson, there really is a reason you should care about this.
5 years ago - Mother Jones
$283
+183%

The bitcoin bubble will likely burst, and here’s why

It’s hard to see any real case at all for the 14-fold increase in bitcoin prices during 2017, or the 30-fold increase since the start of 2016. Actual transactions in bitcoin remain very small. Only a few hundred thousand merchants supposedly accept bitcoin, and many of those businesses are shadowy or worse.
5.9 years ago - The Boston Globe
$17,659
+17,559%

I Broke Bitcoin

Maclin wrote. “Bitcoin exists now, because of bubble-ponzi scheme.”
8.2 years ago - Vice
$421
+321%

Bitcoin price soars above $11,000 as central bankers seek to calm fears

“I would be pretty cautionary about it. I think that it’s not a stable store of value,” he said at an event in New Jersey. “I would be, at this point, pretty sceptical of bitcoin,” he added.
6 years ago - The Guardian
$650
+550%

Why bitcoin may soon be worth nothing

Got it! Ponzi scheme. Confidence game. Fraud. Anyway, bitcoin is headed for a value of zilch. It’s only a matter of when.
5.4 years ago - New York Post
$4,685
+4,585%

Bitcoin is an ‘amazing example of a bubble:’ Robert Shiller

He added that he’s “amazed by how people are so excited about it” and that he tells his students that “No, it’s not such a great idea.”
9.9 years ago - Financial Post
$562
+462%

Bitcoin manipulation madness calls for massive investigation

I’ve said the same thing when a bitcoin was selling for $20,000. And still was saying it when it plunged to $4,000. Its real worth: $0.
4.5 years ago - New York Post
$298
+198%

The Great Bitcoin Scam

Scammers are intentionally pumping the value of Bitcoin much higher than it deserves to be so that they can then unload their Bitcoins on suckers who are willing to jump at what is being pitched as “the next big thing” that they don’t even understand.
5.9 years ago - Forbes
$89
-11%

Uber won’t buy bitcoin with its cash but would consider accepting it as payment, CEO says

Uber has “quickly dismissed” the idea of buying bitcoin with the cash on its balance sheet, CEO Dara Khosrowshahi told CNBC. “We’re going to keep our cash safe. We’re not in the speculation business,” he said.
2.8 years ago - CNBC
$7,360
+7,260%

Bitcoin’s Rallying Again—But Isn’t Getting Much Attention Anymore

Lack of media and public interest bode poorly for the long-term future of the virtual currency, even though it has regained much of the value it lost in 2014
7.5 years ago - The Wall Street Journal
$633
+533%

Bitcoin is ‘worthless’ and will perform worse than stocks in the coming months

But the main factor driving down the price of bitcoin is likely to be a realization that it is simply not a credible long-run alternative to conventional currencies
5.7 years ago - CNBC
$1,118
+1,018%

The Bitcoin ‘pyramid scheme’ continues to collapse

I’ve been calling it a “bitcon” for a long time. And now the pyramid seems to be collapsing because fewer and fewer people have confidence that the price of this inherently worthless “cryptocurrency” is going to continue to rise.
5 years ago - New York Post
$188
+88%

Bitcoin Is in a ‘Massive Bubble,’ Economist Rosenberg Says

David Rosenberg, founder and chief economist at Rosenberg Research, says Bitcoin is extremely difficult to value and is “not really a valid investment thesis.”
3 years ago - Bloomberg
$1,120
+1,020%

Warren Buffett says bitcoin is a ‘delusion’ and ‘attracts charlatans’

“It attracts charlatans,” Buffett said. “If you do something phony by going out and selling yo-yos or something, there’s no money in it — but when you get into Wall Street, there’s huge money.”
4.8 years ago - CNBC
$222
+122%

A Nobel Prize-winning economist says bitcoin is a more obvious bubble than housing was

I’m told that there are apocalyptic, the-end-is-coming guys who are accumulating bitcoin because once we turn into a Mad Max wasteland, having a digitally distributed – nevermind.
6 years ago - Business Insider
$9,557
+9,457%

UBS Chairman: Bitcoin Currency Will Fail, Has No Lender of Last Resort

Weber approached it from a different angle, essentially saying that bitcoin cannot by printed by governments in times of need.
8 years ago - Finance Magnates
$581
+481%

Billionaire Investor Ken Griffin Says He’s a Crypto Skeptic

Billionaire hedge fund manager Ken Griffin said he questions the value of cryptocurrencies and laments how younger investors have been attracted to the digital coins rather than stocks of companies that drive economic growth.
5.4 years ago - Bloomberg
$16,697
+16,597%

Bitcoin Is Unsustainable

In light of the above analysis, Bitcoin’s power usage per transaction isn’t remotely sustainable as a wholesale replacement for the conventional financial system.
8.4 years ago - Vice

If you invested $100 in Bitcoin when each news item was published, your total investment would have been $10,200.
Today your total investment would have been worth $2,665,057.
Don't buy Bitcoin, they said.

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